Logistics Viewpoints

APRIL 6, 2023

Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services. This approach results in inefficiencies, higher costs, and missed opportunities. These costs fall within the “Cost of Goods Sold” components of the company’s financial statement.

Optimal Sourcing 129

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 129

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. How Much Does It “Cost to Serve” Your Customer? It costs you a certain amount to make a product. Sales organisation costs.

Purchasing Skills 99

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 99

Logistics Viewpoints

APRIL 13, 2022

Source: Osha Certified Warehouse Worker. Of course, virtually everyone relied upon direct-to-consumer fulfillment at some point during the COVID-19 lockdowns, placing widespread reliance on warehousing capabilities. Warehouse labor has been in the news quite a bit lately. I was mostly wrong. Maybe, maybe not. But it made me wonder.

Purchasing Skills 146

Purchasing Skills Procurement Analytics Logistics Network Optimization Software Optimal Sourcing 146

Material Handling and Logistics

JANUARY 4, 2019

One of the biggest sources of financial uncertainty in 2019 will be international tariff policy and its impact on product demand. Looking at purchases to make in 2018, Shipley advises companies to " focus on their procurement 'tail spend' — that is, smaller purchases that don’t make it onto a company’s management radar, Shipley advised.

Procurement Solutions 136

Procurement Solutions Modeling Software Optimal Sourcing Purchasing Skills 136

Logistics Bureau

NOVEMBER 16, 2020

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. In a nutshell, the pandemic has increased the importance of supply chain, posited it as a ‘cool’ career choice, and strengthened the need for job seekers to improve their supply chain skill sets.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Logistics Viewpoints

SEPTEMBER 1, 2023

And when I think of going back to school, I think of a rite of passage that most kids enjoyed: watching the Price is Right on a sick day. Earlier this week, longtime host of the Price is Right, Bob Barker, passed away at the age of 99. Those negotiations resulted in a tentative agreement that is now undergoing a ratification vote.

Logistics Network Optimization Software 150

Logistics Network Optimization Software Purchasing Skills Negotiating Skills Price Reduction 150

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

TransAudit

DECEMBER 14, 2022

Fuel for all sorts of vessels has jumped in price over the last year or two. When fuel prices rise, so do shipping prices. Learning more about fuel costs and shipping will give you a better understanding of what’s going on and equip you with some strategies to help. How Fuel Costs Raise Shipping Prices.

Cost Reduction 72

Cost Reduction Purchasing Skills Price Reduction Expense Reduction 72

Logistics Viewpoints

JULY 11, 2022

These increasing labor costs occurred while Amazon was nearly doubled the size of their workforce over the course of two years. In many cases, Amazon can deliver these packages within hours of purchase. Amazon reported $2 billion in incremental costs from having excess fulfillment and transportation capacity. and Europe.

Networks 162

Networks Purchasing Skills Supply Chain Planning Software Supply Chain Design Software 162

Material Handling and Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Start by making the purchasing experience a pleasure rather than a hassle. How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Viewpoints

OCTOBER 24, 2024

SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 142

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 142

WorkWave

OCTOBER 1, 2022

Cost estimates range on average from a meager 8 cents to 26 cents per square foot, making it affordable and a practical quick-growing solution. Several factors influence the hydroseeding prices on your property: land quality, location, and plot size. One of the reasons hydroseeding is cost-effective is the quick return.

Negotiating Skills 52

Negotiating Skills Purchasing Skills Price Reduction Cost Reduction 52

Logistics Bureau

JUNE 5, 2023

If your company operates a distribution fleet, you’ll know that the costs of running trucks for customer deliveries are continually increasing. In this post, we’re sharing our top tips for cost reduction in each of these three areas, so let’s get to it, beginning with truck expenditure. It’s a fair question.

Cost Reduction 82

Cost Reduction Purchasing Skills Price Reduction Waste Reduction 82

Logistics Viewpoints

SEPTEMBER 6, 2023

The authors mention Amazon’s use of AI to suggest items to shoppers they may be interested in purchasing, based on past activity. Expedited shipping could reduce shipping wait times, but with a substantial cost increase. Of course, the progress of Amazon Prime over the last decade has leveled the playing field quite a bit.

Inventory Reduction 158

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 158

Logistics Viewpoints

FEBRUARY 7, 2022

This new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and improving the resilience of US supply chains. More SKUs available from local warehouses could also mean quicker replenishment cycles parts that are purchased infrequently.

Manufacturing Procurement 143

Manufacturing Procurement Supply Chain Design Software Supply Chain Software Supply Chain Design 143

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. The answer is to benchmark your freight, of course.

Negotiating Skills 95

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 95

Logistics Bureau

DECEMBER 14, 2024

Many articles on the topic of supply chain cost reduction have been written, most of which are understandably focused on issues such as inventory levels , network design , process efficiencies and supplier management/relationships. It’s not just about the purchase price of the packaging itself.

Cost Reduction 63

Cost Reduction Material Savings Expense Reduction Waste Reduction 63

FreightWaves SONAR

SEPTEMBER 20, 2021

There is a scene in Curb Your Enthusiasm where Larry David, who had never before purchased illegal drugs, asks a dealer, “Is that a fair price you’re quoting me?” In addition to whether shippers are being charged a fair price, there is also the question of whether shippers are getting what they are paying for.

White Paper 98

White Paper Negotiating Skills Purchasing Skills Freight 98

Logistics Bureau

MAY 24, 2019

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

Cost Reduction 73

Cost Reduction Inventory Reduction Expense Reduction Price Reduction 73

United World Transporation

MAY 20, 2021

The question is, how much will it cost to start a trucking business? Continue reading below to find out how much it will cost you to start your own trucking business. There’s are usually rolled into one filing cost of $300. For up to two trucks, it costs $69, and from three to five, the fee is $206. Equipment Cost.

Purchasing Skills 77

Purchasing Skills Trucking Eliminating Excel in Purchasing Material Savings 77

Logistics Bureau

DECEMBER 5, 2024

Good Reasons to Outsource to a 3PL Perhaps surprisingly, cost savings should not necessarily be the primary factor in a logistics outsourcing decision. In fact, it’s relatively rare for a company to enjoy lower supply chain costs for some time after partnering with a 3PL.

Outsourcing 84

Outsourcing Purchasing Skills Logistics Network Optimization Software Cost Reduction 84

FreightWaves SONAR

MARCH 4, 2021

Truckload freight and transportation costs make up a large part of most logistical spending for shipping companies across the country. With surges in fuel costs and new fees, taxes and expenses levied on every load, budgeting needs only continue to increase. All of these challenges potentially create waste in your supply chain.

Price Reduction 97

Price Reduction Cost Reduction Expense Reduction Waste Reduction 97

Logistics Viewpoints

MARCH 1, 2021

. – explained that when conducting manufacturing volume forecasts for budget purposes, the company would look at demand, production capacity, product specifications, seasonality, asset location, costs/duties and new product introduction amongst other criteria to satisfy regional volume demands. It was predictable.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 119

Logistics Bureau

OCTOBER 10, 2022

Inventory costs too high? For example, you can optimise for cost, profit, or service, but not for all of them. Alternatively, you can focus on profit and accept tradeoffs in service and costs or concentrate on the cost and accept service and profit tradeoffs. Too much inventory in your distribution network?

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Logistics Bureau

APRIL 18, 2019

Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. Let’s look at them from the perspective of the supply-chain Plan, Make, Source, and Deliver model. Purchasing Manager. –Dwight D.

Manufacturing Procurement 104

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 104

Logistics Viewpoints

FEBRUARY 25, 2022

Now of course, companies must map out the potential impacts of the Russia Ukraine war. Oil Prices Jump. The Potential Impact on the Electricity Prices. The Potential Impact on the Electricity Prices. Supply concerns may also spur oil stockpiling activity, which supports prices.”. Russia Attacks Ukraine.

Price Reduction 135

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 135

Logistics Viewpoints

NOVEMBER 7, 2024

The purchase price (enterprise value) is €300 million. Closing is expected in the course of calendar year 2025, subject to regulatory approvals. “In In Vanderlande, we have found the best future owner for our airport logistics business,” said Ralf P.

Logistics Network Optimization Software 106

Logistics Network Optimization Software Procurement Solutions Modeling Software Logistics 106

Logistics Bureau

JANUARY 7, 2020

Of course, it is helpful to have some statistics on hand to validate the statement above. Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. .

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

Logistics Viewpoints

FEBRUARY 28, 2023

Of course, the key to inventory is having the right amount in the right location at the right time to meet customer demand, or face overstocks, high holding costs and eventual markdowns—or alternatively, overpromising, stockouts and lost sales. So how can an Order Management System (OMS) give you an upper hand in the market?

Optimal Sourcing 130

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 130

Logistics Bureau

NOVEMBER 28, 2024

Perhaps the most important question to ask yourself is “ Do we want our last mile services to compete on price or quality? Quality or Cost: What does it Mean? Before getting into the issues proper, we should probably take some time to consider what it means to compete on quality or cost in the last mile.

Supply Chain Planning Software 80

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 80

Logistics Bureau

JANUARY 9, 2019

Of course, it is helpful to have some statistics on hand to validate the statement above. Again then, it’s not difficult to see how the financial health of a business depends on that of the supply chain, or how probable it is that supply chain costs feature strongly in the demise of many companies that become insolvent.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Trinity Logistics

AUGUST 23, 2024

A few months into 2023, YRC and the Teamsters Union engaged in back-and-forth negotiations. A company that was in financial disarray was now losing its primary source of revenue. The Teamsters had not agreed to the negotiations, and the 11 th hour came and went. The LTL carriers have course-corrected their capacity concerns.

Industry 109

Industry Purchasing Skills Negotiating Skills Logistics Network Optimization Software 109

WorkWave

JUNE 30, 2021

Of course, there are some benefits—as well as challenges—with this model. This allows you to take on new clients without hiring more crew members or budgeting for the costs that come with growing your workforce. Initial Setup Costs. Can lawn and landscape professionals finally hop on the robotic lawn mower movement?

Cost Reduction 98

Cost Reduction Expense Reduction Price Reduction Purchasing Skills 98

Material Handling and Logistics

FEBRUARY 19, 2018

purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. That’s assuming you’ve got the regulatory background to succeed in that industry, of course, as well as the necessary skills a specific company might be seeking.

Survey 118

Survey Manufacturing Procurement Materials Handling Optimal Sourcing 118

Logistics Viewpoints

NOVEMBER 21, 2022

Those brands include Pepsi, of course, but also Lay’s, Quaker, Doritos, Cheetos, and Gatorade. Scope 1 emissions include direct emissions from the company’s owned and controlled sources. Scope 2 emissions are indirect emissions from purchased energy. PepsiCo has farmers they directly source from.

Food and Agriculture 123

Food and Agriculture Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 123

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. For example: Alignment of strategy and cost leads to happy shareholders. Alignment of cost and service is good news for your customers. Why does the C-suite want the three pillars aligned?

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

Logistics Viewpoints

APRIL 27, 2021

You wouldn’t step onto the course without a putter or driver, and you shouldn’t dive into an WMS install without first shoring up your project plan. Understand the Course. Added strokes don’t win jackets and added modifications in a WMS installation will cost you plenty. What’s in Your Bag?

Supply Chain Planning Software 176

Supply Chain Planning Software How To Procurement Solutions Supply Chain Software 176